Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Broad River Air Park Road Lavonia, GA 30553

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multiple land parcels available.

    Type:Land
    Added:
    Nov 15, 2024
    Days on Market:
    526
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for Broad River Air Park Road

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Jowell Thome

    Listing agent Jowell Thome License #GA 385674

    Listing office King Industrial Realty Inc

    Listing date Nov 15, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of King Industrial Realty Inc

    Overview

    Land Parcels Available

    Multiple land parcels are available. The property is located on Broad River Air Park Road in Lavonia, Georgia.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Lavonia
    County
    Franklin
    State
    Georgia
    Longitude
    -83.1313
    Latitude
    34.4474

    Nearby Similar for Sale

    • $895,000
      8,244 SF

      Versatile Commercial Space in Lavonia

      Renovated commercial building with B2 zoning and endless potential.
      11909 Augusta Road, Lavonia, GA 30553
      View Details
    • $335,000
      3,948 SF

      Lavonia Commercial Property with Shop

      Versatile commercial property with equipped shop in Lavonia, Georgia.
      110 Maurice Way, Lavonia, GA 30553
      View Details
    • $190,000

      Lavonia, GA Commercial Land

      1.83 acres of commercial land in Lavonia, Georgia.
      389 Bosal Way, Lavonia, GA 30553
      View Details
    • $4,800,000
      385,070 SF

      Prime Commercial Land I-85 Frontage

      4.418 acres with high visibility and access to I-85.
      13705 Highway 17, Lavonia, GA 30553
      View Details
    • $14,900

      Lavonia, Georgia Land Opportunity

      0.35-acre lot near Lake Hartwell in Lavonia, Georgia.
      Arrow Lane, Lavonia, GA 30553
      View Details
    • $199,000
      900 SF

      Historic Lavonia Commercial Building

      Charming 900 SF historic building in downtown Lavonia.
      1174 E Main Street, Lavonia, GA 30553
      View Details
    • $14,900

      Arrow Lane Residential Lot

      Residential lot in Lavonia, GA, near Lake Hartwell.
      Arrow Lane, Lavonia, GA 30553
      View Details
    • $925,000

      Lavonia, GA Townhome Development Land

      Development opportunity: 6.9 acres, 54 townhome lots, Lavonia, GA.
      7072 Highway 59, Lavonia, GA 30553
      View Details
    • $42,000

      Lake Hartwell Waterfront Land

      Lake Hartwell land with views and lake access.
      Lake View Drive, Lavonia, GA 30553
      View Details
    • $925,000

      Lavonia, GA Townhome Development Land

      Development opportunity: 6.9 acres with 54 townhome lots.
      7072 Highway 59, Lavonia, GA 30553
      View Details
    • $599,000
      6,000 SF

      Versatile Freestanding Building in Lavonia

      6,000 sq ft building suitable for retail or office.
      12679 Augusta Road, Lavonia, GA 30553
      View Details
    • $279,000

      Lake Hartwell Deep-Water Dockable Lot

      Dockable Lake Hartwell lot with deep-water access and covered dock.
      720 Knottywood Drive, Lavonia, GA 30553
      View Details

    FAQs

    What type of property is this?
    Land - Multiple land parcels available.
    Where is this land located?
    The property is located at Broad River Air Park Road Lavonia, GA.
    What are key features of this property?
    This property features: Multi lots available; 4 parcels available; Location description
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jowell Thome
    Real Estate License ID: GA 385674
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!